James D. Dondero Buys 18,700 Shares of NexPoint Residential Trust Inc (NXRT) Stock

NexPoint Residential Trust Inc (NYSE:NXRT) insider James D. Dondero purchased 18,700 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was acquired at an average price of $26.98 per share, for a total transaction of $504,526.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NexPoint Residential Trust Inc (NYSE:NXRT) opened at $26.96 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $567.75, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 3.20 and a beta of 0.93. NexPoint Residential Trust Inc has a 12-month low of $22.28 and a 12-month high of $29.40.

NexPoint Residential Trust (NYSE:NXRT) last posted its earnings results on Tuesday, October 31st. The financial services provider reported $2.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $2.14. NexPoint Residential Trust had a return on equity of 24.54% and a net margin of 40.80%. equities analysts predict that NexPoint Residential Trust Inc will post 1.16 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.71%. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, December 14th. NexPoint Residential Trust’s payout ratio is presently 37.17%.

A number of research firms recently weighed in on NXRT. Zacks Investment Research downgraded NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. ValuEngine downgraded NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of NexPoint Residential Trust in a research note on Thursday, November 2nd. B. Riley restated a “buy” rating and issued a $28.00 price target (up from $27.00) on shares of NexPoint Residential Trust in a research note on Thursday, November 2nd. Finally, FBR & Co restated a “buy” rating and issued a $27.00 price target on shares of NexPoint Residential Trust in a research note on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $28.50.

A number of institutional investors and hedge funds have recently bought and sold shares of NXRT. The Manufacturers Life Insurance Company boosted its position in NexPoint Residential Trust by 2.7% during the second quarter. The Manufacturers Life Insurance Company now owns 14,817 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 385 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in NexPoint Residential Trust during the third quarter worth $415,000. Alliancebernstein L.P. boosted its position in NexPoint Residential Trust by 15.1% during the second quarter. Alliancebernstein L.P. now owns 17,190 shares of the financial services provider’s stock worth $428,000 after purchasing an additional 2,260 shares in the last quarter. First Trust Advisors LP purchased a new stake in NexPoint Residential Trust during the third quarter worth $478,000. Finally, New York State Common Retirement Fund boosted its position in NexPoint Residential Trust by 30.2% during the second quarter. New York State Common Retirement Fund now owns 22,968 shares of the financial services provider’s stock worth $572,000 after purchasing an additional 5,323 shares in the last quarter. Institutional investors own 56.62% of the company’s stock.

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About NexPoint Residential Trust

NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.

Insider Buying and Selling by Quarter for NexPoint Residential Trust (NYSE:NXRT)

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